South Africa's unemployment rate increased in the first quarter of 2026, data from Statistics South Africa showed on Tuesday.The jobless rate rose to 32.7 percent in the first quarter from 31.4 percent in the fourth quarter of 2025. In the corresponding period last year, the unemployment rate was 32.9 percent.The number of unemployed people increased to 8.14 million in the first quarter from 7.84 ...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.